Mexico Vaccine Market Size & Outlook, 2023-2030
Mexico vaccine market, 2018-2030 (US$M)
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Mexico vaccine market highlights
- The Mexico vaccine market generated a revenue of USD 770.0 million in 2023 and is expected to reach USD 1,077.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, subunit vaccines was the largest revenue generating type in 2023.
- Subunit Vaccines is the most lucrative type segment registering the fastest growth during the forecast period.
Vaccine market data book summary
| Market revenue in 2023 | USD 770.0 million |
| Market revenue in 2030 | USD 1,077.9 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Subunit vaccines |
| Fastest growing segment | Subunit Vaccines |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Subunit Vaccines, Inactivated, Live Attenuated, MRNA vaccines, Viral vector vaccines |
| Key market players worldwide | Serum Institute of India Pvt. Ltd., CSL Ltd, Sanofi SA, GSK PLC, Merck & Co Inc, Pfizer Inc, Sinovac Biotech Ltd, BioNTech SE ADR, AstraZeneca PLC, Moderna Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.0% of the global vaccine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil vaccine market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 549.5 million by 2030.
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Vaccine Market Scope
Vaccine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico vaccine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vaccine market will help companies and investors design strategic landscapes.
Subunit vaccines was the largest segment with a revenue share of 34.12% in 2023. Horizon Databook has segmented the Mexico vaccine market based on subunit vaccines, inactivated, live attenuated, mrna vaccines, viral vector vaccines covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico has a high rate of infectious diseases coupled with the growth of the country's biotechnology & biopharmaceutical industries, owing to the increasing number of startups and rising investments. These factors are expected to contribute to the market growth. Some of the key players in Mexico are Pfizer, Inc., GSK plc, and Sanofi.
In addition, several government initiatives to promote influenza vaccine uptake are expected to boost the market. For instance, in September 2022, the Mexican government initiated an influenza vaccination campaign to manage the flu burden of the country.
Moreover, in November 2022, Mexico initiated vaccination in birds to combat the spread of the contagious H5N1 strain of bird flu in the country. Thus, these factors are anticipated to boost the market.
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Target buyers of Mexico vaccine market databook
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Our clientele includes a mix of vaccine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico vaccine market , including forecasts for subscribers. This country databook contains high-level insights into Mexico vaccine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico vaccine market size, by type, 2018-2030 (US$M)
Mexico Vaccine Market Outlook Share, 2023 & 2030 (US$M)
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